BRIC.TV Logo
Home/MARKETS/INDIA/Article
TrendingMARKETS

Iron ore prices rise 0.72% to 771.5 yuan per ton on June 15

On June 15, DCE I2609 iron ore contract wrapped up at 771.5 yuan per ton, reflecting a 0.72% rise from the prior session. Ongoing peace talks between U.S. and Iran haven't notably influenced order flows, leading to a cautious sentiment in the market.

BRIC Team
BRIC Team
Jun 15, 2026 · 2 min read · 3 views
Iron ore prices rise 0.72% to 771.5 yuan per ton on June 15

Key Takeaways

  • •On June 15, the DCE I2609 contract for iron ore closed at 771.5 yuan per ton, marking a 0.72% increase.
  • •Export prices for rebar rose by approximately USD 2 per ton, despite average transaction volumes.
  • •In Alang, ship-breaking scrap prices increased by around USD 3 per ton, with HMS (80:20) assessed at approximately USD 373 per ton EXW.
  • •POSCO raised the purchase price of high-quality pig iron scraps by 15,000 won per ton, approximately USD 9.93 per ton, to secure supply.
  • •In Thailand, galvanizing quotes remained stable at around USD 710 per ton, with potential discounts for larger orders.

Iron ore market showed some recovery on June 15. DCE I2609 contract closed at 771.5 yuan per ton,a 0.72% rise from session before. Spot prices at ports nudged up too,climbing 3 to 5 yuan per ton from day before.

Traders saw steady steel demand in South America. Middle East? Still sluggish . Rebar export prices ticked up ~USD 2 per ton,but transactions were average. Ongoing U.S.-Iran peace talks haven't changed order flows much. Market stays cautious.

Billet sector saw slight export offer increases, prices around USD 473 to 476 per ton FOB. Indonesia,India actively exporting, boosting competition. But rising production costs limit domestic mills' discount ability,keeping transactions moderate.

Hot-rolled coil prices had minor rise. Export prices up USD 2 per ton,ranged between USD 497 and 506 per ton. Inquiry activity was moderate . Some new inquiries for medium,heavy plates in Middle East led to transactions .

India's ship-breaking scrap prices in Alang rose by ~USD 3 per ton. HMS (80:20) at ~USD 373 per ton EXW. Semi-finished steel prices stable,finished steel saw slight correction last session. Alang market subdued due to low vessel arrivals,limiting scrap inflows. Scrap prices might stay supported but tight supply conditions constrain them .

Thailand's galvanizing quotes stable,import offers ~USD 710 per ton. Larger orders might see USD 5-10 per ton discounts. Wire rod prices steady,though some traders raised by USD 20 per ton to USD 570 per ton on rising costs. Local demand weak,shifting to more negotiable deals .

In South Korea,builders rush to finish projects before rainy season, slowing finished steel price rise. POSCO raised purchase price of high-quality pig iron scraps,premium steel scrap by 15,000 won per ton (~USD 9.93 per ton), medium,light scrap by 10,000 won per ton (~USD 6.62 per ton). Move to secure domestic supply before off-season.

Overall, iron,steel markets face complex pressures,with demand,pricing varying across regions. Local,international factors continue to shape market as players adapt...

#business#breaking

Share this article

Related Articles

Analysts warn of uncertainty for Chinese firms after US-Iran accord and oil price drop

Analysts warn of uncertainty for Chinese firms after US-Iran accord and oil price drop

United States and Iran have come to a preliminary agreement as oil prices drop, sparking optimism in markets. Yet, analysts such as Lynn Song warn that current sanctions on Chinese companies involved with Iranian oil are unlikely to be lifted anytime soon, leaving a cloud of uncertainty.

BRIC Team

Jun 15, 2026•3 views
EU carbon tariff disrupts China's steel industry as firms face compliance challenges

EU carbon tariff disrupts China's steel industry as firms face compliance challenges

China's steel manufacturers, such as Neil Miao from Hebei province, face challenges meeting European Union's Carbon Border Adjustment Mechanism that started in January. This new carbon tariff system brings hefty compliance requirements, jeopardizing competitiveness of Chinese firms in European market.

BRIC Team

Jun 15, 2026•4 views
USS Investment Management boosts Intel Corporation stake by 15% in June 2026

USS Investment Management boosts Intel Corporation stake by 15% in June 2026

USS Investment Management Ltd has boosted its investment in Intel Corporation by 2.8%, adding 21,207 shares to reach a total of 774,373 shares worth around $28.6 million. This decision follows a double upgrade from Bank of America, signaling renewed optimism about Intel's growth potential.

BRIC Team

Jun 15, 2026•3 views
Aluminum prices remain high as downstream purchasing sentiment declines

Aluminum prices remain high as downstream purchasing sentiment declines

On June 15, aluminum prices on Shanghai Futures Exchange stayed elevated, with mainstream spot prices noted at a discount of 90–100 yuan per metric ton. Yet, weak downstream purchasing sentiment caused transaction prices to drop, especially in central China, where actual prices ended up at a discount of 170–190 yuan per metric ton.

BRIC Team

Jun 15, 2026•4 views
China's magnesium ingot prices stabilize at 16,300-16,350 yuan/mt amid slight transaction recovery

China's magnesium ingot prices stabilize at 16,300-16,350 yuan/mt amid slight transaction recovery

Today, 99.90% magnesium ingot in China is priced at 16,300-16,350 yuan per metric ton, down 50 yuan from yesterday. Ongoing challenges in the market include high inventory levels and weak demand, creating expectations for continued price pressure.

BRIC Team

Jun 15, 2026•4 views
Japan's real estate market remains strong despite rising investor interest abroad

Japan's real estate market remains strong despite rising investor interest abroad

In 2022, Japan represented 28% of direct investment in Asia-Pacific commercial real estate. There was a significant increase in Japanese investments in Australian real estate, equaling what had been invested over the past 22 years. This change prompts concerns about sustainability of Japan's strong domestic property market as overseas opportunities continue to grow.

BRIC Team

Jun 15, 2026•6 views
View All Articles